February 13, 2019— Colliers International San Diego Region announces that its San Diego Multifamily Advisory Group has completed the sale of the Willow Glen Apartments for $17,900,000. The 97-unit apartment property is located at 3635-75 College Avenue, San Diego, CA 92115.
Peter Scepanovic and Corey McHenry of Colliers International San Diego Region represented the seller 3635 College Avenue, LLC. Benn Vogelsang of South Coast Commercial, Inc. represented the buyer Willow Glen Real Estate Holdings, LLC.
“The Willow Glen Apartments provided the new ownership a rare opportunity to acquire a larger multifamily property in SDSU-College Area,” said Peter Scepanovic. “With low vacancy rates in the College Area, close proximity to San Diego State University and public transit, and additional value add opportunities, the property will be a strong investment for years to come.”
The Willow Glen Apartments were constructed in 1963 and underwent significant interior and exterior renovations in 2017. The total 58,814-square foot, two-building property features a mix of one- and two-bedroom units.